Micah Kelderman
Is it worth becoming a real estate agent while flipping houses?
7 June 2017 | 12 replies
When it comes to getting leads, I will be networking at local REIA groups and will offer referral/finder's fees for any properties to ensure that everyone who has skin in the game gets paid in the end.Hope that helps!
Stephen Wiater
PMI (Private Mortgage Insurance) Tricks & Tips
7 June 2017 | 19 replies
Having more skin in the game and all things being equal there is a lesser perceived risk, lower rate.
Jordan Sutherland
PLEASE SEND HELP!!!!!!!!!!!!!!!
13 June 2017 | 8 replies
@Jordan Sutherland Your sweat definitely worths %50, also his money worths only %50.You are managing it, you have your skin in the game, you are a realtor, and have experience, so 50-50 is more than fine.
Account Closed
Tired Landlord with Off Market Duplex - best approach to buy?
11 February 2018 | 3 replies
You need to have skin in the game and bring some money today or tomorrow as 70% of 160 is 112 so you would be short 25K plus interest potentially at refi time.
Dror Bekerman
Looking to invest in Columbus, OH and would love for any advice
15 June 2017 | 9 replies
Not only is there a tax abatement but nation wide is on board and created HNHF. http://www.nationwidechildrens.org/healthy-neighborhoods-healthy-families They have flipped 70 homes near here and I'm pretty sure they're not done yet....
Radley Estrada
Fridge Broke Down - Tenant Requests Reimbursement for Medications
15 June 2017 | 14 replies
I have a healthy emergency fund.
Naomi Delabruere
Newbie from Burlington, Vermont
18 June 2017 | 10 replies
welcome to BP . i have been a landlord in btw for 25 years and i am getting out slowly . i mostly am burned out , but the market has softened for sure . it is still healthy , but just be selective :) if you ever have a question , feel free to reach out .good luck
Andrey Y.
Return on Equity in Hawaii low .. time to reposition? (#s inside)
21 August 2017 | 8 replies
I included all expenses, maintenance fees, and a healthy repairs reserve (which I have never came close to using in 4 years) to calculate net cash flow.Numbers are below:Property #1: Equity = $202,815 Net Cash Flow = $10,270 ROE = ~5.1% {~56% LTV}Property #2: Equity = $103,284 Net Cash Flow = $6,109 ROE = ~5.9% {~57% LTV}Property #3: Equity = $90,588 Net Cash Flow = $2,475 ROE = ~2.7% {~61% LTV}What do you guys think of these ROE numbers?
Meti Kay
Closing costs seem a bit high considering the purchase price?
20 June 2017 | 6 replies
Shaun Weekes thank you for this insight.. he went over it with me and said there would be prepaid insurance and taxes included just when I spoke a few weeks ago he estimate 7-8k closing so when I seen 11k naturally I was surprised he said we're most likely going to "take some things off" but this would be the highest possibly it can be.. all in all with hay being said I'm still looking okay as far as the fixed up comp price (from 290 low end to 315 high) next door just sold for 295 and a block over the same unit just first floor went for 310 so I'm not that worried especially since the GC can get everything in working good order for 10k or less including painting throughout so all in all if I'm at 252k it still looks like a healthy flip but I'm obviously trying to cut back as much as I can since the numbers are a bit tight
Marcel B.
Elite Education wants $27K
17 February 2019 | 21 replies
I've read your posts and it's quite a rockstar kinda life if you have the personality for it :) Your deals are pretty awesome.Agree also with the fact that good luck finding a lender that will finance you when you got no skin in the game (no money).